Lebenthal Global Advisors LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,335 shares of the retailer’s stock after buying an additional 126 shares during the period. Lebenthal Global Advisors LLC’s holdings in Costco Wholesale were worth $1,223,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the third quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale in the fourth quarter worth $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale in the 3rd quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Costco Wholesale during the 4th quarter worth about $58,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have commented on COST. Evercore ISI raised their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Barclays raised their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Citigroup lifted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Truist Financial boosted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.
Costco Wholesale Price Performance
NASDAQ COST opened at $958.67 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market cap of $425.55 billion, a price-to-earnings ratio of 56.29, a PEG ratio of 5.63 and a beta of 0.84. The business has a 50 day simple moving average of $952.49 and a 200 day simple moving average of $904.81. Costco Wholesale Co. has a 52-week low of $686.26 and a 52-week high of $1,008.25.
Costco Wholesale Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s payout ratio is 27.25%.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
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